Bought the 12250PE on Friday as I was confident with the VCPR RVRSL pattern. This pattern is considered very strong reversal pattern. It did work for me. I bought 12250 PE when nifty hit 12232 and booked profit in next 15mins when nifty touched 12210.
12204 and 122078 are weekly and monthly pivots which are again considered very strong reversal levels and the same happened. Nifty hit a new intraday high. Sometimes such risky trades are taken due to the pattern, pivots and price action knowledge that too on a trending bullish day.
THIS TRADE IS ALREADY DONE ON FRIDAY. I DONT BELIEVE IN OPTIONS WRITING>>>>ITS JUST OPTION BUYING FOR ME>>>> HAPPY TRADING
12204 and 122078 are weekly and monthly pivots which are again considered very strong reversal levels and the same happened. Nifty hit a new intraday high. Sometimes such risky trades are taken due to the pattern, pivots and price action knowledge that too on a trending bullish day.
THIS TRADE IS ALREADY DONE ON FRIDAY. I DONT BELIEVE IN OPTIONS WRITING>>>>ITS JUST OPTION BUYING FOR ME>>>> HAPPY TRADING